In-Class Exercise 8: Geographically Weighted Regression

Published

March 5, 2023

Modified

March 27, 2023

Imports

Import Packages

pacman::p_load(olsrr, corrplot, ggpubr, sf, spdep, GWmodel, tmap, tidyverse, gtsummary)

# OR load corrplot via tools tab
# pacman::p_load(olsrr, ggpubr, sf, spdep, GWmodel, tmap, tidyverse, gtsummary)

Geospatial Data Import & Pre-Processing

mpsz = st_read(dsn = "data/geospatial", layer = "MP14_SUBZONE_WEB_PL")
Reading layer `MP14_SUBZONE_WEB_PL' from data source 
  `/Users/michelle/Desktop/IS415/shelle-mim/IS415-GAA/Hands-on_Exercise/Wk9/data/geospatial' 
  using driver `ESRI Shapefile'
Simple feature collection with 323 features and 15 fields
Geometry type: MULTIPOLYGON
Dimension:     XY
Bounding box:  xmin: 2667.538 ymin: 15748.72 xmax: 56396.44 ymax: 50256.33
Projected CRS: SVY21
mpsz_svy21 <- st_transform(mpsz, 3414)
st_crs(mpsz_svy21)
Coordinate Reference System:
  User input: EPSG:3414 
  wkt:
PROJCRS["SVY21 / Singapore TM",
    BASEGEOGCRS["SVY21",
        DATUM["SVY21",
            ELLIPSOID["WGS 84",6378137,298.257223563,
                LENGTHUNIT["metre",1]]],
        PRIMEM["Greenwich",0,
            ANGLEUNIT["degree",0.0174532925199433]],
        ID["EPSG",4757]],
    CONVERSION["Singapore Transverse Mercator",
        METHOD["Transverse Mercator",
            ID["EPSG",9807]],
        PARAMETER["Latitude of natural origin",1.36666666666667,
            ANGLEUNIT["degree",0.0174532925199433],
            ID["EPSG",8801]],
        PARAMETER["Longitude of natural origin",103.833333333333,
            ANGLEUNIT["degree",0.0174532925199433],
            ID["EPSG",8802]],
        PARAMETER["Scale factor at natural origin",1,
            SCALEUNIT["unity",1],
            ID["EPSG",8805]],
        PARAMETER["False easting",28001.642,
            LENGTHUNIT["metre",1],
            ID["EPSG",8806]],
        PARAMETER["False northing",38744.572,
            LENGTHUNIT["metre",1],
            ID["EPSG",8807]]],
    CS[Cartesian,2],
        AXIS["northing (N)",north,
            ORDER[1],
            LENGTHUNIT["metre",1]],
        AXIS["easting (E)",east,
            ORDER[2],
            LENGTHUNIT["metre",1]],
    USAGE[
        SCOPE["Cadastre, engineering survey, topographic mapping."],
        AREA["Singapore - onshore and offshore."],
        BBOX[1.13,103.59,1.47,104.07]],
    ID["EPSG",3414]]
# View extent
st_bbox(mpsz_svy21)
     xmin      ymin      xmax      ymax 
 2667.538 15748.721 56396.440 50256.334 

Aspatial Data Import & Pre-Processing

condo_resale = read_csv("data/aspatial/Condo_resale_2015.csv")
summary(condo_resale)
    LATITUDE       LONGITUDE        POSTCODE      SELLING_PRICE     
 Min.   :1.240   Min.   :103.7   Min.   : 18965   Min.   :  540000  
 1st Qu.:1.309   1st Qu.:103.8   1st Qu.:259849   1st Qu.: 1100000  
 Median :1.328   Median :103.8   Median :469298   Median : 1383222  
 Mean   :1.334   Mean   :103.8   Mean   :440439   Mean   : 1751211  
 3rd Qu.:1.357   3rd Qu.:103.9   3rd Qu.:589486   3rd Qu.: 1950000  
 Max.   :1.454   Max.   :104.0   Max.   :828833   Max.   :18000000  
    AREA_SQM          AGE           PROX_CBD       PROX_CHILDCARE    
 Min.   : 34.0   Min.   : 0.00   Min.   : 0.3869   Min.   :0.004927  
 1st Qu.:103.0   1st Qu.: 5.00   1st Qu.: 5.5574   1st Qu.:0.174481  
 Median :121.0   Median :11.00   Median : 9.3567   Median :0.258135  
 Mean   :136.5   Mean   :12.14   Mean   : 9.3254   Mean   :0.326313  
 3rd Qu.:156.0   3rd Qu.:18.00   3rd Qu.:12.6661   3rd Qu.:0.368293  
 Max.   :619.0   Max.   :37.00   Max.   :19.1804   Max.   :3.465726  
 PROX_ELDERLYCARE  PROX_URA_GROWTH_AREA PROX_HAWKER_MARKET PROX_KINDERGARTEN 
 Min.   :0.05451   Min.   :0.2145       Min.   :0.05182    Min.   :0.004927  
 1st Qu.:0.61254   1st Qu.:3.1643       1st Qu.:0.55245    1st Qu.:0.276345  
 Median :0.94179   Median :4.6186       Median :0.90842    Median :0.413385  
 Mean   :1.05351   Mean   :4.5981       Mean   :1.27987    Mean   :0.458903  
 3rd Qu.:1.35122   3rd Qu.:5.7550       3rd Qu.:1.68578    3rd Qu.:0.578474  
 Max.   :3.94916   Max.   :9.1554       Max.   :5.37435    Max.   :2.229045  
    PROX_MRT         PROX_PARK       PROX_PRIMARY_SCH  PROX_TOP_PRIMARY_SCH
 Min.   :0.05278   Min.   :0.02906   Min.   :0.07711   Min.   :0.07711     
 1st Qu.:0.34646   1st Qu.:0.26211   1st Qu.:0.44024   1st Qu.:1.34451     
 Median :0.57430   Median :0.39926   Median :0.63505   Median :1.88213     
 Mean   :0.67316   Mean   :0.49802   Mean   :0.75471   Mean   :2.27347     
 3rd Qu.:0.84844   3rd Qu.:0.65592   3rd Qu.:0.95104   3rd Qu.:2.90954     
 Max.   :3.48037   Max.   :2.16105   Max.   :3.92899   Max.   :6.74819     
 PROX_SHOPPING_MALL PROX_SUPERMARKET PROX_BUS_STOP       NO_Of_UNITS    
 Min.   :0.0000     Min.   :0.0000   Min.   :0.001595   Min.   :  18.0  
 1st Qu.:0.5258     1st Qu.:0.3695   1st Qu.:0.098356   1st Qu.: 188.8  
 Median :0.9357     Median :0.5687   Median :0.151710   Median : 360.0  
 Mean   :1.0455     Mean   :0.6141   Mean   :0.193974   Mean   : 409.2  
 3rd Qu.:1.3994     3rd Qu.:0.7862   3rd Qu.:0.220466   3rd Qu.: 590.0  
 Max.   :3.4774     Max.   :2.2441   Max.   :2.476639   Max.   :1703.0  
 FAMILY_FRIENDLY     FREEHOLD      LEASEHOLD_99YR  
 Min.   :0.0000   Min.   :0.0000   Min.   :0.0000  
 1st Qu.:0.0000   1st Qu.:0.0000   1st Qu.:0.0000  
 Median :0.0000   Median :0.0000   Median :0.0000  
 Mean   :0.4868   Mean   :0.4227   Mean   :0.4882  
 3rd Qu.:1.0000   3rd Qu.:1.0000   3rd Qu.:1.0000  
 Max.   :1.0000   Max.   :1.0000   Max.   :1.0000  
# Make sure that in the summary statistics theres no an excessive number of 0 / if data has a good spread
condo_resale.sf <- st_as_sf(condo_resale,
                            coords = c("LONGITUDE", "LATITUDE"),
                            crs=4326) %>%
  st_transform(crs=3414)
head(condo_resale.sf)
Simple feature collection with 6 features and 21 fields
Geometry type: POINT
Dimension:     XY
Bounding box:  xmin: 22085.12 ymin: 29951.54 xmax: 41042.56 ymax: 34546.2
Projected CRS: SVY21 / Singapore TM
# A tibble: 6 × 22
  POSTCODE SELLI…¹ AREA_…²   AGE PROX_…³ PROX_…⁴ PROX_…⁵ PROX_…⁶ PROX_…⁷ PROX_…⁸
     <dbl>   <dbl>   <dbl> <dbl>   <dbl>   <dbl>   <dbl>   <dbl>   <dbl>   <dbl>
1   118635 3000000     309    30    7.94   0.166   2.52     6.62   1.77   0.0584
2   288420 3880000     290    32    6.61   0.280   1.93     7.51   0.545  0.616 
3   267833 3325000     248    33    6.90   0.429   0.502    6.46   0.378  0.141 
4   258380 4250000     127     7    4.04   0.395   1.99     4.91   1.68   0.382 
5   467169 1400000     145    28   11.8    0.119   1.12     6.41   0.565  0.461 
6   466472 1320000     139    22   10.3    0.125   0.789    5.09   0.781  0.0994
# … with 12 more variables: PROX_MRT <dbl>, PROX_PARK <dbl>,
#   PROX_PRIMARY_SCH <dbl>, PROX_TOP_PRIMARY_SCH <dbl>,
#   PROX_SHOPPING_MALL <dbl>, PROX_SUPERMARKET <dbl>, PROX_BUS_STOP <dbl>,
#   NO_Of_UNITS <dbl>, FAMILY_FRIENDLY <dbl>, FREEHOLD <dbl>,
#   LEASEHOLD_99YR <dbl>, geometry <POINT [m]>, and abbreviated variable names
#   ¹​SELLING_PRICE, ²​AREA_SQM, ³​PROX_CBD, ⁴​PROX_CHILDCARE, ⁵​PROX_ELDERLYCARE,
#   ⁶​PROX_URA_GROWTH_AREA, ⁷​PROX_HAWKER_MARKET, ⁸​PROX_KINDERGARTEN

Exploratory Data Analysis

Statistical Graphics

# Look at selling price distribution
ggplot(data=condo_resale.sf, aes(x=`SELLING_PRICE`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

# Get log selling price
condo_resale.sf <- condo_resale.sf %>%
  mutate(`LOG_SELLING_PRICE` = log(SELLING_PRICE))

# Plot
ggplot(data=condo_resale.sf, aes(x=`LOG_SELLING_PRICE`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

AREA_SQM <- ggplot(data=condo_resale.sf, aes(x= `AREA_SQM`)) + 
  geom_histogram(bins=20, color="black", fill="light blue")

AGE <- ggplot(data=condo_resale.sf, aes(x= `AGE`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_CBD <- ggplot(data=condo_resale.sf, aes(x= `PROX_CBD`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_CHILDCARE <- ggplot(data=condo_resale.sf, aes(x= `PROX_CHILDCARE`)) + 
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_ELDERLYCARE <- ggplot(data=condo_resale.sf, aes(x= `PROX_ELDERLYCARE`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_URA_GROWTH_AREA <- ggplot(data=condo_resale.sf, 
                               aes(x= `PROX_URA_GROWTH_AREA`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_HAWKER_MARKET <- ggplot(data=condo_resale.sf, aes(x= `PROX_HAWKER_MARKET`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_KINDERGARTEN <- ggplot(data=condo_resale.sf, aes(x= `PROX_KINDERGARTEN`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_MRT <- ggplot(data=condo_resale.sf, aes(x= `PROX_MRT`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_PARK <- ggplot(data=condo_resale.sf, aes(x= `PROX_PARK`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_PRIMARY_SCH <- ggplot(data=condo_resale.sf, aes(x= `PROX_PRIMARY_SCH`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

PROX_TOP_PRIMARY_SCH <- ggplot(data=condo_resale.sf, 
                               aes(x= `PROX_TOP_PRIMARY_SCH`)) +
  geom_histogram(bins=20, color="black", fill="light blue")

ggarrange(AREA_SQM, AGE, PROX_CBD, PROX_CHILDCARE, PROX_ELDERLYCARE, 
          PROX_URA_GROWTH_AREA, PROX_HAWKER_MARKET, PROX_KINDERGARTEN, PROX_MRT,
          PROX_PARK, PROX_PRIMARY_SCH, PROX_TOP_PRIMARY_SCH,  
          ncol = 3, nrow = 4)

Statistical Point Map

tmap_mode("view")

tm_shape(mpsz_svy21)+
  tm_polygons() +
tm_shape(condo_resale.sf) +  
  tm_dots(col = "SELLING_PRICE",
          alpha = 0.6,
          style="quantile") +
  tm_view(set.zoom.limits = c(11,14)) +
  tmap_options(check.and.fix = TRUE)
tmap_mode("plot")

Hedonic Pricing Modelling

Simple Linear Regression Method

condo.slr <- lm(formula=SELLING_PRICE ~ AREA_SQM, data = condo_resale.sf)

summary(condo.slr)

Call:
lm(formula = SELLING_PRICE ~ AREA_SQM, data = condo_resale.sf)

Residuals:
     Min       1Q   Median       3Q      Max 
-3695815  -391764   -87517   258900 13503875 

Coefficients:
             Estimate Std. Error t value Pr(>|t|)    
(Intercept) -258121.1    63517.2  -4.064 5.09e-05 ***
AREA_SQM      14719.0      428.1  34.381  < 2e-16 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 942700 on 1434 degrees of freedom
Multiple R-squared:  0.4518,    Adjusted R-squared:  0.4515 
F-statistic:  1182 on 1 and 1434 DF,  p-value: < 2.2e-16
ggplot(data=condo_resale.sf,  
       aes(x=`AREA_SQM`, y=`SELLING_PRICE`)) +
  geom_point() +
  geom_smooth(method = lm)

Multiple Linear Regression Method

# Can easily eyeball the dark red and dark blue colors and determine these are the ones that are highly correlated
corrplot(cor(condo_resale[, 5:23]), diag = FALSE, order = "AOE",
         tl.pos = "td", tl.cex = 0.5, method = "number", type = "upper")

Building a hedonic pricing model using multiple linear regression method

Calibrate regression model

Will be using LM -> is from base R, allows you to do generic linear regression

There is also GLM which has more types of models

# Calibrate regression model
#                         Indep var       Follow by dep vars
condo.mlr <- lm(formula = SELLING_PRICE ~ AREA_SQM + AGE    + 
                  PROX_CBD + PROX_CHILDCARE + PROX_ELDERLYCARE +
                  PROX_URA_GROWTH_AREA + PROX_HAWKER_MARKET + PROX_KINDERGARTEN + 
                  PROX_MRT  + PROX_PARK + PROX_PRIMARY_SCH + 
                  PROX_TOP_PRIMARY_SCH + PROX_SHOPPING_MALL + PROX_SUPERMARKET + 
                  PROX_BUS_STOP + NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
                data=condo_resale.sf)
summary(condo.mlr)

Call:
lm(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD + PROX_CHILDCARE + 
    PROX_ELDERLYCARE + PROX_URA_GROWTH_AREA + PROX_HAWKER_MARKET + 
    PROX_KINDERGARTEN + PROX_MRT + PROX_PARK + PROX_PRIMARY_SCH + 
    PROX_TOP_PRIMARY_SCH + PROX_SHOPPING_MALL + PROX_SUPERMARKET + 
    PROX_BUS_STOP + NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
    data = condo_resale.sf)

Residuals:
     Min       1Q   Median       3Q      Max 
-3475964  -293923   -23069   241043 12260381 

Coefficients:
                       Estimate Std. Error t value Pr(>|t|)    
(Intercept)           481728.40  121441.01   3.967 7.65e-05 ***
AREA_SQM               12708.32     369.59  34.385  < 2e-16 ***
AGE                   -24440.82    2763.16  -8.845  < 2e-16 ***
PROX_CBD              -78669.78    6768.97 -11.622  < 2e-16 ***
PROX_CHILDCARE       -351617.91  109467.25  -3.212  0.00135 ** 
PROX_ELDERLYCARE      171029.42   42110.51   4.061 5.14e-05 ***
PROX_URA_GROWTH_AREA   38474.53   12523.57   3.072  0.00217 ** 
PROX_HAWKER_MARKET     23746.10   29299.76   0.810  0.41782    
PROX_KINDERGARTEN     147468.99   82668.87   1.784  0.07466 .  
PROX_MRT             -314599.68   57947.44  -5.429 6.66e-08 ***
PROX_PARK             563280.50   66551.68   8.464  < 2e-16 ***
PROX_PRIMARY_SCH      180186.08   65237.95   2.762  0.00582 ** 
PROX_TOP_PRIMARY_SCH    2280.04   20410.43   0.112  0.91107    
PROX_SHOPPING_MALL   -206604.06   42840.60  -4.823 1.57e-06 ***
PROX_SUPERMARKET      -44991.80   77082.64  -0.584  0.55953    
PROX_BUS_STOP         683121.35  138353.28   4.938 8.85e-07 ***
NO_Of_UNITS             -231.18      89.03  -2.597  0.00951 ** 
FAMILY_FRIENDLY       140340.77   47020.55   2.985  0.00289 ** 
FREEHOLD              359913.01   49220.22   7.312 4.38e-13 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 755800 on 1417 degrees of freedom
Multiple R-squared:  0.6518,    Adjusted R-squared:  0.6474 
F-statistic: 147.4 on 18 and 1417 DF,  p-value: < 2.2e-16

Remove non statistically significant variables & Calibrate revised model

condo.mlr1 <- lm(formula = SELLING_PRICE ~ AREA_SQM + AGE + 
                   PROX_CBD + PROX_CHILDCARE + PROX_ELDERLYCARE +
                   PROX_URA_GROWTH_AREA + PROX_MRT  + PROX_PARK + 
                   PROX_PRIMARY_SCH + PROX_SHOPPING_MALL    + PROX_BUS_STOP + 
                   NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD,
                 data=condo_resale.sf)

# this function will print you a tidy report
ols_regress(condo.mlr1)
                             Model Summary                               
------------------------------------------------------------------------
R                       0.807       RMSE                     755957.289 
R-Squared               0.651       Coef. Var                    43.168 
Adj. R-Squared          0.647       MSE                571471422208.592 
Pred R-Squared          0.638       MAE                      414819.628 
------------------------------------------------------------------------
 RMSE: Root Mean Square Error 
 MSE: Mean Square Error 
 MAE: Mean Absolute Error 

                                     ANOVA                                       
--------------------------------------------------------------------------------
                    Sum of                                                      
                   Squares          DF         Mean Square       F         Sig. 
--------------------------------------------------------------------------------
Regression    1.512586e+15          14        1.080418e+14    189.059    0.0000 
Residual      8.120609e+14        1421    571471422208.592                      
Total         2.324647e+15        1435                                          
--------------------------------------------------------------------------------

                                               Parameter Estimates                                                
-----------------------------------------------------------------------------------------------------------------
               model           Beta    Std. Error    Std. Beta       t        Sig           lower          upper 
-----------------------------------------------------------------------------------------------------------------
         (Intercept)     527633.222    108183.223                   4.877    0.000     315417.244     739849.200 
            AREA_SQM      12777.523       367.479        0.584     34.771    0.000      12056.663      13498.382 
                 AGE     -24687.739      2754.845       -0.167     -8.962    0.000     -30091.739     -19283.740 
            PROX_CBD     -77131.323      5763.125       -0.263    -13.384    0.000     -88436.469     -65826.176 
      PROX_CHILDCARE    -318472.751    107959.512       -0.084     -2.950    0.003    -530249.889    -106695.613 
    PROX_ELDERLYCARE     185575.623     39901.864        0.090      4.651    0.000     107302.737     263848.510 
PROX_URA_GROWTH_AREA      39163.254     11754.829        0.060      3.332    0.001      16104.571      62221.936 
            PROX_MRT    -294745.107     56916.367       -0.112     -5.179    0.000    -406394.234    -183095.980 
           PROX_PARK     570504.807     65507.029        0.150      8.709    0.000     442003.938     699005.677 
    PROX_PRIMARY_SCH     159856.136     60234.599        0.062      2.654    0.008      41697.849     278014.424 
  PROX_SHOPPING_MALL    -220947.251     36561.832       -0.115     -6.043    0.000    -292668.213    -149226.288 
       PROX_BUS_STOP     682482.221    134513.243        0.134      5.074    0.000     418616.359     946348.082 
         NO_Of_UNITS       -245.480        87.947       -0.053     -2.791    0.005       -418.000        -72.961 
     FAMILY_FRIENDLY     146307.576     46893.021        0.057      3.120    0.002      54320.593     238294.560 
            FREEHOLD     350599.812     48506.485        0.136      7.228    0.000     255447.802     445751.821 
-----------------------------------------------------------------------------------------------------------------

Create Regression Report

tbl_regression(condo.mlr1, intercept = TRUE)
Characteristic Beta 95% CI1 p-value
(Intercept) 527,633 315,417, 739,849 <0.001
AREA_SQM 12,778 12,057, 13,498 <0.001
AGE -24,688 -30,092, -19,284 <0.001
PROX_CBD -77,131 -88,436, -65,826 <0.001
PROX_CHILDCARE -318,473 -530,250, -106,696 0.003
PROX_ELDERLYCARE 185,576 107,303, 263,849 <0.001
PROX_URA_GROWTH_AREA 39,163 16,105, 62,222 <0.001
PROX_MRT -294,745 -406,394, -183,096 <0.001
PROX_PARK 570,505 442,004, 699,006 <0.001
PROX_PRIMARY_SCH 159,856 41,698, 278,014 0.008
PROX_SHOPPING_MALL -220,947 -292,668, -149,226 <0.001
PROX_BUS_STOP 682,482 418,616, 946,348 <0.001
NO_Of_UNITS -245 -418, -73 0.005
FAMILY_FRIENDLY 146,308 54,321, 238,295 0.002
FREEHOLD 350,600 255,448, 445,752 <0.001
1 CI = Confidence Interval

We can also include model statistics by appending them

tbl_regression(condo.mlr1, 
               intercept = TRUE) %>% 
  add_glance_source_note(
    label = list(sigma ~ "\U03C3"),
    include = c(r.squared, adj.r.squared, 
                AIC, statistic,
                p.value, sigma))
Characteristic Beta 95% CI1 p-value
(Intercept) 527,633 315,417, 739,849 <0.001
AREA_SQM 12,778 12,057, 13,498 <0.001
AGE -24,688 -30,092, -19,284 <0.001
PROX_CBD -77,131 -88,436, -65,826 <0.001
PROX_CHILDCARE -318,473 -530,250, -106,696 0.003
PROX_ELDERLYCARE 185,576 107,303, 263,849 <0.001
PROX_URA_GROWTH_AREA 39,163 16,105, 62,222 <0.001
PROX_MRT -294,745 -406,394, -183,096 <0.001
PROX_PARK 570,505 442,004, 699,006 <0.001
PROX_PRIMARY_SCH 159,856 41,698, 278,014 0.008
PROX_SHOPPING_MALL -220,947 -292,668, -149,226 <0.001
PROX_BUS_STOP 682,482 418,616, 946,348 <0.001
NO_Of_UNITS -245 -418, -73 0.005
FAMILY_FRIENDLY 146,308 54,321, 238,295 0.002
FREEHOLD 350,600 255,448, 445,752 <0.001
R² = 0.651; Adjusted R² = 0.647; AIC = 42,967; Statistic = 189; p-value = <0.001; σ = 755,957
1 CI = Confidence Interval

Check for multicolinearity

If VIF values less than 10, no signs of multicolinearity

ols_vif_tol(condo.mlr1)
              Variables Tolerance      VIF
1              AREA_SQM 0.8728554 1.145665
2                   AGE 0.7071275 1.414172
3              PROX_CBD 0.6356147 1.573280
4        PROX_CHILDCARE 0.3066019 3.261559
5      PROX_ELDERLYCARE 0.6598479 1.515501
6  PROX_URA_GROWTH_AREA 0.7510311 1.331503
7              PROX_MRT 0.5236090 1.909822
8             PROX_PARK 0.8279261 1.207837
9      PROX_PRIMARY_SCH 0.4524628 2.210126
10   PROX_SHOPPING_MALL 0.6738795 1.483945
11        PROX_BUS_STOP 0.3514118 2.845664
12          NO_Of_UNITS 0.6901036 1.449058
13      FAMILY_FRIENDLY 0.7244157 1.380423
14             FREEHOLD 0.6931163 1.442759

Test for non-linearity

Use ols_plot_resid_fit() from olsrr package to perform linearity assumption test

If Data is near 0 line, r/s btwn indep and dep vars are linear

ols_plot_resid_fit(condo.mlr1)

Test for Normality Assumption

# Visualise
ols_plot_resid_hist(condo.mlr1)

# For formal test stats
ols_test_normality(condo.mlr1)
-----------------------------------------------
       Test             Statistic       pvalue  
-----------------------------------------------
Shapiro-Wilk              0.6856         0.0000 
Kolmogorov-Smirnov        0.1366         0.0000 
Cramer-von Mises         121.0768        0.0000 
Anderson-Darling         67.9551         0.0000 
-----------------------------------------------

Test for spatial correlation

# Export and save as seperate df
mlr.output <- as.data.frame(condo.mlr1$residuals)

# Join new df
condo_resale.res.sf <- cbind(condo_resale.sf, 
                        condo.mlr1$residuals) %>%
rename(`MLR_RES` = `condo.mlr1.residuals`)
# Date conversion
condo_resale.sp <- as_Spatial(condo_resale.res.sf)
condo_resale.sp
class       : SpatialPointsDataFrame 
features    : 1436 
extent      : 14940.85, 43352.45, 24765.67, 48382.81  (xmin, xmax, ymin, ymax)
crs         : +proj=tmerc +lat_0=1.36666666666667 +lon_0=103.833333333333 +k=1 +x_0=28001.642 +y_0=38744.572 +ellps=WGS84 +towgs84=0,0,0,0,0,0,0 +units=m +no_defs 
variables   : 23
names       : POSTCODE, SELLING_PRICE, AREA_SQM, AGE,    PROX_CBD, PROX_CHILDCARE, PROX_ELDERLYCARE, PROX_URA_GROWTH_AREA, PROX_HAWKER_MARKET, PROX_KINDERGARTEN,    PROX_MRT,   PROX_PARK, PROX_PRIMARY_SCH, PROX_TOP_PRIMARY_SCH, PROX_SHOPPING_MALL, ... 
min values  :    18965,        540000,       34,   0, 0.386916393,    0.004927023,      0.054508623,          0.214539508,        0.051817113,       0.004927023, 0.052779424, 0.029064164,      0.077106132,          0.077106132,                  0, ... 
max values  :   828833,       1.8e+07,      619,  37, 19.18042832,     3.46572633,      3.949157205,           9.15540001,        5.374348075,       2.229045366,  3.48037319,  2.16104919,      3.928989144,          6.748192062,        3.477433767, ... 

Use visualization to eyeball and see if theres some kind of corr

tmap_mode("view")

tm_shape(mpsz_svy21)+
  tmap_options(check.and.fix = TRUE) +
  tm_polygons(alpha = 0.4) +
tm_shape(condo_resale.res.sf) +  
  tm_dots(col = "MLR_RES",
          alpha = 0.6,
          style="quantile") +
  tm_view(set.zoom.limits = c(11,14))
tmap_mode("plot")

Since we can see clusters, do Moran I’s test

nb <- dnearneigh(coordinates(condo_resale.sp), 0, 1500, longlat = FALSE)
summary(nb)
Neighbour list object:
Number of regions: 1436 
Number of nonzero links: 66266 
Percentage nonzero weights: 3.213526 
Average number of links: 46.14624 
Link number distribution:

  1   3   5   7   9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24 
  3   3   9   4   3  15  10  19  17  45  19   5  14  29  19   6  35  45  18  47 
 25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41  42  43  44 
 16  43  22  26  21  11   9  23  22  13  16  25  21  37  16  18   8  21   4  12 
 45  46  47  48  49  50  51  52  53  54  55  56  57  58  59  60  61  62  63  64 
  8  36  18  14  14  43  11  12   8  13  12  13   4   5   6  12  11  20  29  33 
 65  66  67  68  69  70  71  72  73  74  75  76  77  78  79  80  81  82  83  84 
 15  20  10  14  15  15  11  16  12  10   8  19  12  14   9   8   4  13  11   6 
 85  86  87  88  89  90  91  92  93  94  95  96  97  98  99 100 101 102 103 104 
  4   9   4   4   4   6   2  16   9   4   5   9   3   9   4   2   1   2   1   1 
105 106 107 108 109 110 112 116 125 
  1   5   9   2   1   3   1   1   1 
3 least connected regions:
193 194 277 with 1 link
1 most connected region:
285 with 125 links
# Convert to spatial weights
nb_lw <- nb2listw(nb, style = 'W')
summary(nb_lw)
Characteristics of weights list object:
Neighbour list object:
Number of regions: 1436 
Number of nonzero links: 66266 
Percentage nonzero weights: 3.213526 
Average number of links: 46.14624 
Link number distribution:

  1   3   5   7   9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24 
  3   3   9   4   3  15  10  19  17  45  19   5  14  29  19   6  35  45  18  47 
 25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41  42  43  44 
 16  43  22  26  21  11   9  23  22  13  16  25  21  37  16  18   8  21   4  12 
 45  46  47  48  49  50  51  52  53  54  55  56  57  58  59  60  61  62  63  64 
  8  36  18  14  14  43  11  12   8  13  12  13   4   5   6  12  11  20  29  33 
 65  66  67  68  69  70  71  72  73  74  75  76  77  78  79  80  81  82  83  84 
 15  20  10  14  15  15  11  16  12  10   8  19  12  14   9   8   4  13  11   6 
 85  86  87  88  89  90  91  92  93  94  95  96  97  98  99 100 101 102 103 104 
  4   9   4   4   4   6   2  16   9   4   5   9   3   9   4   2   1   2   1   1 
105 106 107 108 109 110 112 116 125 
  1   5   9   2   1   3   1   1   1 
3 least connected regions:
193 194 277 with 1 link
1 most connected region:
285 with 125 links

Weights style: W 
Weights constants summary:
     n      nn   S0       S1       S2
W 1436 2062096 1436 94.81916 5798.341
# Perform Moran's I Test for spatial autocorr
lm.morantest(condo.mlr1, nb_lw)

    Global Moran I for regression residuals

data:  
model: lm(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD +
PROX_CHILDCARE + PROX_ELDERLYCARE + PROX_URA_GROWTH_AREA + PROX_MRT +
PROX_PARK + PROX_PRIMARY_SCH + PROX_SHOPPING_MALL + PROX_BUS_STOP +
NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, data = condo_resale.sf)
weights: nb_lw

Moran I statistic standard deviate = 24.366, p-value < 2.2e-16
alternative hypothesis: greater
sample estimates:
Observed Moran I      Expectation         Variance 
    1.438876e-01    -5.487594e-03     3.758259e-05 

Hedonic Pricing Models with GWmodel

Fixed Bandwidth GWR model

# Determines optimal fixed bandwidth
bw.fixed <- bw.gwr(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD + 
                     PROX_CHILDCARE + PROX_ELDERLYCARE  + PROX_URA_GROWTH_AREA + 
                     PROX_MRT   + PROX_PARK + PROX_PRIMARY_SCH + 
                     PROX_SHOPPING_MALL + PROX_BUS_STOP + NO_Of_UNITS + 
                     FAMILY_FRIENDLY + FREEHOLD, 
                   data=condo_resale.sp, 
                   approach="CV", 
                   kernel="gaussian", 
                   adaptive=FALSE, 
                   longlat=FALSE)
Fixed bandwidth: 17660.96 CV score: 8.259118e+14 
Fixed bandwidth: 10917.26 CV score: 7.970454e+14 
Fixed bandwidth: 6749.419 CV score: 7.273273e+14 
Fixed bandwidth: 4173.553 CV score: 6.300006e+14 
Fixed bandwidth: 2581.58 CV score: 5.404958e+14 
Fixed bandwidth: 1597.687 CV score: 4.857515e+14 
Fixed bandwidth: 989.6077 CV score: 4.722431e+14 
Fixed bandwidth: 613.7939 CV score: 1.379526e+16 
Fixed bandwidth: 1221.873 CV score: 4.778717e+14 
Fixed bandwidth: 846.0596 CV score: 4.791629e+14 
Fixed bandwidth: 1078.325 CV score: 4.751406e+14 
Fixed bandwidth: 934.7772 CV score: 4.72518e+14 
Fixed bandwidth: 1023.495 CV score: 4.730305e+14 
Fixed bandwidth: 968.6643 CV score: 4.721317e+14 
Fixed bandwidth: 955.7206 CV score: 4.722072e+14 
Fixed bandwidth: 976.6639 CV score: 4.721387e+14 
Fixed bandwidth: 963.7202 CV score: 4.721484e+14 
Fixed bandwidth: 971.7199 CV score: 4.721293e+14 
Fixed bandwidth: 973.6083 CV score: 4.721309e+14 
Fixed bandwidth: 970.5527 CV score: 4.721295e+14 
Fixed bandwidth: 972.4412 CV score: 4.721296e+14 
Fixed bandwidth: 971.2741 CV score: 4.721292e+14 
Fixed bandwidth: 970.9985 CV score: 4.721293e+14 
Fixed bandwidth: 971.4443 CV score: 4.721292e+14 
Fixed bandwidth: 971.5496 CV score: 4.721293e+14 
Fixed bandwidth: 971.3793 CV score: 4.721292e+14 
Fixed bandwidth: 971.3391 CV score: 4.721292e+14 
Fixed bandwidth: 971.3143 CV score: 4.721292e+14 
Fixed bandwidth: 971.3545 CV score: 4.721292e+14 
Fixed bandwidth: 971.3296 CV score: 4.721292e+14 
Fixed bandwidth: 971.345 CV score: 4.721292e+14 
Fixed bandwidth: 971.3355 CV score: 4.721292e+14 
Fixed bandwidth: 971.3413 CV score: 4.721292e+14 
Fixed bandwidth: 971.3377 CV score: 4.721292e+14 
Fixed bandwidth: 971.34 CV score: 4.721292e+14 
Fixed bandwidth: 971.3405 CV score: 4.721292e+14 
Fixed bandwidth: 971.3396 CV score: 4.721292e+14 
Fixed bandwidth: 971.3402 CV score: 4.721292e+14 
Fixed bandwidth: 971.3398 CV score: 4.721292e+14 
Fixed bandwidth: 971.34 CV score: 4.721292e+14 
Fixed bandwidth: 971.3399 CV score: 4.721292e+14 
Fixed bandwidth: 971.34 CV score: 4.721292e+14 

We take the last result (is in metres)

# Calibrate gwr model
gwr.fixed <- gwr.basic(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD + 
                         PROX_CHILDCARE + PROX_ELDERLYCARE  + PROX_URA_GROWTH_AREA + 
                         PROX_MRT   + PROX_PARK + PROX_PRIMARY_SCH + 
                         PROX_SHOPPING_MALL + PROX_BUS_STOP + NO_Of_UNITS + 
                         FAMILY_FRIENDLY + FREEHOLD, 
                       data=condo_resale.sp, 
                       bw=bw.fixed, 
                       kernel = 'gaussian', 
                       longlat = FALSE)
# Display model
gwr.fixed
   ***********************************************************************
   *                       Package   GWmodel                             *
   ***********************************************************************
   Program starts at: 2023-03-27 12:02:59 
   Call:
   gwr.basic(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD + 
    PROX_CHILDCARE + PROX_ELDERLYCARE + PROX_URA_GROWTH_AREA + 
    PROX_MRT + PROX_PARK + PROX_PRIMARY_SCH + PROX_SHOPPING_MALL + 
    PROX_BUS_STOP + NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
    data = condo_resale.sp, bw = bw.fixed, kernel = "gaussian", 
    longlat = FALSE)

   Dependent (y) variable:  SELLING_PRICE
   Independent variables:  AREA_SQM AGE PROX_CBD PROX_CHILDCARE PROX_ELDERLYCARE PROX_URA_GROWTH_AREA PROX_MRT PROX_PARK PROX_PRIMARY_SCH PROX_SHOPPING_MALL PROX_BUS_STOP NO_Of_UNITS FAMILY_FRIENDLY FREEHOLD
   Number of data points: 1436
   ***********************************************************************
   *                    Results of Global Regression                     *
   ***********************************************************************

   Call:
    lm(formula = formula, data = data)

   Residuals:
     Min       1Q   Median       3Q      Max 
-3470778  -298119   -23481   248917 12234210 

   Coefficients:
                          Estimate Std. Error t value Pr(>|t|)    
   (Intercept)           527633.22  108183.22   4.877 1.20e-06 ***
   AREA_SQM               12777.52     367.48  34.771  < 2e-16 ***
   AGE                   -24687.74    2754.84  -8.962  < 2e-16 ***
   PROX_CBD              -77131.32    5763.12 -13.384  < 2e-16 ***
   PROX_CHILDCARE       -318472.75  107959.51  -2.950 0.003231 ** 
   PROX_ELDERLYCARE      185575.62   39901.86   4.651 3.61e-06 ***
   PROX_URA_GROWTH_AREA   39163.25   11754.83   3.332 0.000885 ***
   PROX_MRT             -294745.11   56916.37  -5.179 2.56e-07 ***
   PROX_PARK             570504.81   65507.03   8.709  < 2e-16 ***
   PROX_PRIMARY_SCH      159856.14   60234.60   2.654 0.008046 ** 
   PROX_SHOPPING_MALL   -220947.25   36561.83  -6.043 1.93e-09 ***
   PROX_BUS_STOP         682482.22  134513.24   5.074 4.42e-07 ***
   NO_Of_UNITS             -245.48      87.95  -2.791 0.005321 ** 
   FAMILY_FRIENDLY       146307.58   46893.02   3.120 0.001845 ** 
   FREEHOLD              350599.81   48506.48   7.228 7.98e-13 ***

   ---Significance stars
   Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1 
   Residual standard error: 756000 on 1421 degrees of freedom
   Multiple R-squared: 0.6507
   Adjusted R-squared: 0.6472 
   F-statistic: 189.1 on 14 and 1421 DF,  p-value: < 2.2e-16 
   ***Extra Diagnostic information
   Residual sum of squares: 8.120609e+14
   Sigma(hat): 752522.9
   AIC:  42966.76
   AICc:  42967.14
   BIC:  41731.39
   ***********************************************************************
   *          Results of Geographically Weighted Regression              *
   ***********************************************************************

   *********************Model calibration information*********************
   Kernel function: gaussian 
   Fixed bandwidth: 971.34 
   Regression points: the same locations as observations are used.
   Distance metric: Euclidean distance metric is used.

   ****************Summary of GWR coefficient estimates:******************
                               Min.     1st Qu.      Median     3rd Qu.
   Intercept            -3.5988e+07 -5.1998e+05  7.6780e+05  1.7412e+06
   AREA_SQM              1.0003e+03  5.2758e+03  7.4740e+03  1.2301e+04
   AGE                  -1.3475e+05 -2.0813e+04 -8.6260e+03 -3.7784e+03
   PROX_CBD             -7.7047e+07 -2.3608e+05 -8.3599e+04  3.4646e+04
   PROX_CHILDCARE       -6.0097e+06 -3.3667e+05 -9.7426e+04  2.9007e+05
   PROX_ELDERLYCARE     -3.5001e+06 -1.5970e+05  3.1970e+04  1.9577e+05
   PROX_URA_GROWTH_AREA -3.0170e+06 -8.2013e+04  7.0749e+04  2.2612e+05
   PROX_MRT             -3.5282e+06 -6.5836e+05 -1.8833e+05  3.6922e+04
   PROX_PARK            -1.2062e+06 -2.1732e+05  3.5383e+04  4.1335e+05
   PROX_PRIMARY_SCH     -2.2695e+07 -1.7066e+05  4.8472e+04  5.1555e+05
   PROX_SHOPPING_MALL   -7.2585e+06 -1.6684e+05 -1.0517e+04  1.5923e+05
   PROX_BUS_STOP        -1.4676e+06 -4.5207e+04  3.7601e+05  1.1664e+06
   NO_Of_UNITS          -1.3170e+03 -2.4822e+02 -3.0846e+01  2.5496e+02
   FAMILY_FRIENDLY      -2.2749e+06 -1.1140e+05  7.6214e+03  1.6107e+05
   FREEHOLD             -9.2067e+06  3.8074e+04  1.5169e+05  3.7528e+05
                             Max.
   Intercept            112794435
   AREA_SQM                 21575
   AGE                     434203
   PROX_CBD               2704604
   PROX_CHILDCARE         1654086
   PROX_ELDERLYCARE      38867861
   PROX_URA_GROWTH_AREA  78515805
   PROX_MRT               3124325
   PROX_PARK             18122439
   PROX_PRIMARY_SCH       4637517
   PROX_SHOPPING_MALL     1529953
   PROX_BUS_STOP         11342209
   NO_Of_UNITS              12907
   FAMILY_FRIENDLY        1720745
   FREEHOLD               6073642
   ************************Diagnostic information*************************
   Number of data points: 1436 
   Effective number of parameters (2trace(S) - trace(S'S)): 438.3807 
   Effective degrees of freedom (n-2trace(S) + trace(S'S)): 997.6193 
   AICc (GWR book, Fotheringham, et al. 2002, p. 61, eq 2.33): 42263.61 
   AIC (GWR book, Fotheringham, et al. 2002,GWR p. 96, eq. 4.22): 41632.36 
   BIC (GWR book, Fotheringham, et al. 2002,GWR p. 61, eq. 2.34): 42515.71 
   Residual sum of squares: 2.534069e+14 
   R-square value:  0.8909912 
   Adjusted R-square value:  0.8430418 

   ***********************************************************************
   Program stops at: 2023-03-27 12:03:00 

Adaptive Bandwidth GWR Model

# Compute adaptive bandwidth
bw.adaptive <- bw.gwr(formula = SELLING_PRICE ~ AREA_SQM + AGE  + 
                        PROX_CBD + PROX_CHILDCARE + PROX_ELDERLYCARE    + 
                        PROX_URA_GROWTH_AREA + PROX_MRT + PROX_PARK + 
                        PROX_PRIMARY_SCH + PROX_SHOPPING_MALL   + PROX_BUS_STOP + 
                        NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
                      data=condo_resale.sp, 
                      approach="CV", 
                      kernel="gaussian", 
                      adaptive=TRUE, 
                      longlat=FALSE)
Adaptive bandwidth: 895 CV score: 7.952401e+14 
Adaptive bandwidth: 561 CV score: 7.667364e+14 
Adaptive bandwidth: 354 CV score: 6.953454e+14 
Adaptive bandwidth: 226 CV score: 6.15223e+14 
Adaptive bandwidth: 147 CV score: 5.674373e+14 
Adaptive bandwidth: 98 CV score: 5.426745e+14 
Adaptive bandwidth: 68 CV score: 5.168117e+14 
Adaptive bandwidth: 49 CV score: 4.859631e+14 
Adaptive bandwidth: 37 CV score: 4.646518e+14 
Adaptive bandwidth: 30 CV score: 4.422088e+14 
Adaptive bandwidth: 25 CV score: 4.430816e+14 
Adaptive bandwidth: 32 CV score: 4.505602e+14 
Adaptive bandwidth: 27 CV score: 4.462172e+14 
Adaptive bandwidth: 30 CV score: 4.422088e+14 
# Use to calibrate model
gwr.adaptive <- gwr.basic(formula = SELLING_PRICE ~ AREA_SQM + AGE + 
                            PROX_CBD + PROX_CHILDCARE + PROX_ELDERLYCARE + 
                            PROX_URA_GROWTH_AREA + PROX_MRT + PROX_PARK + 
                            PROX_PRIMARY_SCH + PROX_SHOPPING_MALL + PROX_BUS_STOP + 
                            NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
                          data=condo_resale.sp, bw=bw.adaptive, 
                          kernel = 'gaussian', 
                          adaptive=TRUE, 
                          longlat = FALSE)
# Display model
gwr.adaptive
   ***********************************************************************
   *                       Package   GWmodel                             *
   ***********************************************************************
   Program starts at: 2023-03-27 12:03:13 
   Call:
   gwr.basic(formula = SELLING_PRICE ~ AREA_SQM + AGE + PROX_CBD + 
    PROX_CHILDCARE + PROX_ELDERLYCARE + PROX_URA_GROWTH_AREA + 
    PROX_MRT + PROX_PARK + PROX_PRIMARY_SCH + PROX_SHOPPING_MALL + 
    PROX_BUS_STOP + NO_Of_UNITS + FAMILY_FRIENDLY + FREEHOLD, 
    data = condo_resale.sp, bw = bw.adaptive, kernel = "gaussian", 
    adaptive = TRUE, longlat = FALSE)

   Dependent (y) variable:  SELLING_PRICE
   Independent variables:  AREA_SQM AGE PROX_CBD PROX_CHILDCARE PROX_ELDERLYCARE PROX_URA_GROWTH_AREA PROX_MRT PROX_PARK PROX_PRIMARY_SCH PROX_SHOPPING_MALL PROX_BUS_STOP NO_Of_UNITS FAMILY_FRIENDLY FREEHOLD
   Number of data points: 1436
   ***********************************************************************
   *                    Results of Global Regression                     *
   ***********************************************************************

   Call:
    lm(formula = formula, data = data)

   Residuals:
     Min       1Q   Median       3Q      Max 
-3470778  -298119   -23481   248917 12234210 

   Coefficients:
                          Estimate Std. Error t value Pr(>|t|)    
   (Intercept)           527633.22  108183.22   4.877 1.20e-06 ***
   AREA_SQM               12777.52     367.48  34.771  < 2e-16 ***
   AGE                   -24687.74    2754.84  -8.962  < 2e-16 ***
   PROX_CBD              -77131.32    5763.12 -13.384  < 2e-16 ***
   PROX_CHILDCARE       -318472.75  107959.51  -2.950 0.003231 ** 
   PROX_ELDERLYCARE      185575.62   39901.86   4.651 3.61e-06 ***
   PROX_URA_GROWTH_AREA   39163.25   11754.83   3.332 0.000885 ***
   PROX_MRT             -294745.11   56916.37  -5.179 2.56e-07 ***
   PROX_PARK             570504.81   65507.03   8.709  < 2e-16 ***
   PROX_PRIMARY_SCH      159856.14   60234.60   2.654 0.008046 ** 
   PROX_SHOPPING_MALL   -220947.25   36561.83  -6.043 1.93e-09 ***
   PROX_BUS_STOP         682482.22  134513.24   5.074 4.42e-07 ***
   NO_Of_UNITS             -245.48      87.95  -2.791 0.005321 ** 
   FAMILY_FRIENDLY       146307.58   46893.02   3.120 0.001845 ** 
   FREEHOLD              350599.81   48506.48   7.228 7.98e-13 ***

   ---Significance stars
   Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1 
   Residual standard error: 756000 on 1421 degrees of freedom
   Multiple R-squared: 0.6507
   Adjusted R-squared: 0.6472 
   F-statistic: 189.1 on 14 and 1421 DF,  p-value: < 2.2e-16 
   ***Extra Diagnostic information
   Residual sum of squares: 8.120609e+14
   Sigma(hat): 752522.9
   AIC:  42966.76
   AICc:  42967.14
   BIC:  41731.39
   ***********************************************************************
   *          Results of Geographically Weighted Regression              *
   ***********************************************************************

   *********************Model calibration information*********************
   Kernel function: gaussian 
   Adaptive bandwidth: 30 (number of nearest neighbours)
   Regression points: the same locations as observations are used.
   Distance metric: Euclidean distance metric is used.

   ****************Summary of GWR coefficient estimates:******************
                               Min.     1st Qu.      Median     3rd Qu.
   Intercept            -1.3487e+08 -2.4669e+05  7.7928e+05  1.6194e+06
   AREA_SQM              3.3188e+03  5.6285e+03  7.7825e+03  1.2738e+04
   AGE                  -9.6746e+04 -2.9288e+04 -1.4043e+04 -5.6119e+03
   PROX_CBD             -2.5330e+06 -1.6256e+05 -7.7242e+04  2.6624e+03
   PROX_CHILDCARE       -1.2790e+06 -2.0175e+05  8.7158e+03  3.7778e+05
   PROX_ELDERLYCARE     -1.6212e+06 -9.2050e+04  6.1029e+04  2.8184e+05
   PROX_URA_GROWTH_AREA -7.2686e+06 -3.0350e+04  4.5869e+04  2.4613e+05
   PROX_MRT             -4.3781e+07 -6.7282e+05 -2.2115e+05 -7.4593e+04
   PROX_PARK            -2.9020e+06 -1.6782e+05  1.1601e+05  4.6572e+05
   PROX_PRIMARY_SCH     -8.6418e+05 -1.6627e+05 -7.7853e+03  4.3222e+05
   PROX_SHOPPING_MALL   -1.8272e+06 -1.3175e+05 -1.4049e+04  1.3799e+05
   PROX_BUS_STOP        -2.0579e+06 -7.1461e+04  4.1104e+05  1.2071e+06
   NO_Of_UNITS          -2.1993e+03 -2.3685e+02 -3.4699e+01  1.1657e+02
   FAMILY_FRIENDLY      -5.9879e+05 -5.0927e+04  2.6173e+04  2.2481e+05
   FREEHOLD             -1.6340e+05  4.0765e+04  1.9023e+05  3.7960e+05
                            Max.
   Intercept            18758355
   AREA_SQM                23064
   AGE                     13303
   PROX_CBD             11346650
   PROX_CHILDCARE        2892127
   PROX_ELDERLYCARE      2465671
   PROX_URA_GROWTH_AREA  7384059
   PROX_MRT              1186242
   PROX_PARK             2588497
   PROX_PRIMARY_SCH      3381462
   PROX_SHOPPING_MALL   38038564
   PROX_BUS_STOP        12081592
   NO_Of_UNITS              1010
   FAMILY_FRIENDLY       2072414
   FREEHOLD              1813995
   ************************Diagnostic information*************************
   Number of data points: 1436 
   Effective number of parameters (2trace(S) - trace(S'S)): 350.3088 
   Effective degrees of freedom (n-2trace(S) + trace(S'S)): 1085.691 
   AICc (GWR book, Fotheringham, et al. 2002, p. 61, eq 2.33): 41982.22 
   AIC (GWR book, Fotheringham, et al. 2002,GWR p. 96, eq. 4.22): 41546.74 
   BIC (GWR book, Fotheringham, et al. 2002,GWR p. 61, eq. 2.34): 41914.08 
   Residual sum of squares: 2.528227e+14 
   R-square value:  0.8912425 
   Adjusted R-square value:  0.8561185 

   ***********************************************************************
   Program stops at: 2023-03-27 12:03:15 

Visualise GWR Output

Convert SDF to sf

condo_resale.sf.adaptive <- st_as_sf(gwr.adaptive$SDF) %>%
  st_transform(crs=3414)

condo_resale.sf.adaptive.svy21 <- st_transform(condo_resale.sf.adaptive, 3414)
condo_resale.sf.adaptive.svy21  
Simple feature collection with 1436 features and 51 fields
Geometry type: POINT
Dimension:     XY
Bounding box:  xmin: 14940.85 ymin: 24765.67 xmax: 43352.45 ymax: 48382.81
Projected CRS: SVY21 / Singapore TM
First 10 features:
    Intercept  AREA_SQM        AGE  PROX_CBD PROX_CHILDCARE PROX_ELDERLYCARE
1   2050011.7  9561.892  -9514.634 -120681.9      319266.92       -393417.79
2   1633128.2 16576.853 -58185.479 -149434.2      441102.18        325188.74
3   3433608.2 13091.861 -26707.386 -259397.8     -120116.82        535855.81
4    234358.9 20730.601 -93308.988 2426853.7      480825.28        314783.72
5   2285804.9  6722.836 -17608.018 -316835.5       90764.78       -137384.61
6  -3568877.4  6039.581 -26535.592  327306.1     -152531.19       -700392.85
7  -2874842.4 16843.575 -59166.727 -983577.2     -177810.50       -122384.02
8   2038086.0  6905.135 -17681.897 -285076.6       70259.40        -96012.78
9   1718478.4  9580.703 -14401.128  105803.4     -657698.02       -123276.00
10  3457054.0 14072.011 -31579.884 -234895.4       79961.45        548581.04
   PROX_URA_GROWTH_AREA    PROX_MRT  PROX_PARK PROX_PRIMARY_SCH
1            -159980.20  -299742.96 -172104.47        242668.03
2            -142290.39 -2510522.23  523379.72       1106830.66
3            -253621.21  -936853.28  209099.85        571462.33
4           -2679297.89 -2039479.50 -759153.26       3127477.21
5             303714.81   -44567.05  -10284.62         30413.56
6             -28051.25   733566.47 1511488.92        320878.23
7            1397676.38 -2745430.34  710114.74       1786570.95
8             269368.71   -14552.99   73533.34         53359.73
9            -361974.72  -476785.32 -132067.59        -40128.92
10           -150024.38 -1503835.53  574155.47        108996.67
   PROX_SHOPPING_MALL PROX_BUS_STOP  NO_Of_UNITS FAMILY_FRIENDLY  FREEHOLD
1          300881.390     1210615.4  104.8290640       -9075.370  303955.6
2          -87693.378     1843587.2 -288.3441183      310074.664  396221.3
3         -126732.712     1411924.9   -9.5532945        5949.746  168821.7
4          -29593.342     7225577.5 -161.3551620     1556178.531 1212515.6
5           -7490.586      677577.0   42.2659674       58986.951  328175.2
6          258583.881     1086012.6 -214.3671271      201992.641  471873.1
7         -384251.210     5094060.5   -0.9212521      359659.512  408871.9
8          -39634.902      735767.1   30.1741069       55602.506  347075.0
9          276718.757     2815772.4  675.1615559      -30453.297  503872.8
10        -454726.822     2123557.0  -21.3044311     -100935.586  213324.6
         y    yhat    residual CV_Score Stud_residual Intercept_SE AREA_SQM_SE
1  3000000 2886532   113468.16        0    0.38207013     516105.5    823.2860
2  3880000 3466801   413198.52        0    1.01433140     488083.5    825.2380
3  3325000 3616527  -291527.20        0   -0.83780678     963711.4    988.2240
4  4250000 5435482 -1185481.63        0   -2.84614670     444185.5    617.4007
5  1400000 1388166    11834.26        0    0.03404453    2119620.6   1376.2778
6  1320000 1516702  -196701.95        0   -0.72065801   28572883.7   2348.0091
7  3410000 3266881   143118.77        0    0.41291992     679546.6    893.5893
8  1420000 1431955   -11955.27        0   -0.03033109    2217773.1   1415.2604
9  2025000 1832799   192200.83        0    0.52018109     814281.8    943.8434
10 2550000 2223364   326635.53        0    1.10559735    2410252.0   1271.4073
      AGE_SE PROX_CBD_SE PROX_CHILDCARE_SE PROX_ELDERLYCARE_SE
1   5889.782    37411.22          319111.1           120633.34
2   6226.916    23615.06          299705.3            84546.69
3   6510.236    56103.77          349128.5           129687.07
4   6010.511   469337.41          304965.2           127150.69
5   8180.361   410644.47          698720.6           327371.55
6  14601.909  5272846.47         1141599.8          1653002.19
7   8970.629   346164.20          530101.1           148598.71
8   8661.309   438035.69          742532.8           399221.05
9  11791.208    89148.35          704630.7           329683.30
10  9941.980   173532.77          500976.2           281876.74
   PROX_URA_GROWTH_AREA_SE PROX_MRT_SE PROX_PARK_SE PROX_PRIMARY_SCH_SE
1                 56207.39    185181.3     205499.6            152400.7
2                 76956.50    281133.9     229358.7            165150.7
3                 95774.60    275483.7     314124.3            196662.6
4                470762.12    279877.1     227249.4            240878.9
5                474339.56    363830.0     364580.9            249087.7
6               5496627.21    730453.2    1741712.0            683265.5
7                371692.97    375511.9     297400.9            344602.8
8                517977.91    423155.4     440984.4            261251.2
9                153436.22    285325.4     304998.4            278258.5
10               239182.57    571355.7     599131.8            331284.8
   PROX_SHOPPING_MALL_SE PROX_BUS_STOP_SE NO_Of_UNITS_SE FAMILY_FRIENDLY_SE
1               109268.8         600668.6       218.1258           131474.7
2                98906.8         410222.1       208.9410           114989.1
3               119913.3         464156.7       210.9828           146607.2
4               177104.1         562810.8       361.7767           108726.6
5               301032.9         740922.4       299.5034           160663.7
6              2931208.6        1418333.3       602.5571           331727.0
7               249969.5         821236.4       532.1978           129241.2
8               351634.0         775038.4       338.6777           171895.1
9               289872.7         850095.5       439.9037           220223.4
10              265529.7         631399.2       259.0169           189125.5
   FREEHOLD_SE Intercept_TV AREA_SQM_TV     AGE_TV PROX_CBD_TV
1     115954.0    3.9720784   11.614302  -1.615447 -3.22582173
2     130110.0    3.3460017   20.087361  -9.344188 -6.32792021
3     141031.5    3.5629010   13.247868  -4.102368 -4.62353528
4     138239.1    0.5276150   33.577223 -15.524302  5.17080808
5     210641.1    1.0784029    4.884795  -2.152474 -0.77155660
6     374347.3   -0.1249043    2.572214  -1.817269  0.06207388
7     182216.9   -4.2305303   18.849348  -6.595605 -2.84136028
8     216649.4    0.9189786    4.879056  -2.041481 -0.65080678
9     220473.7    2.1104224   10.150733  -1.221345  1.18682383
10    206346.2    1.4343123   11.068059  -3.176418 -1.35360852
   PROX_CHILDCARE_TV PROX_ELDERLYCARE_TV PROX_URA_GROWTH_AREA_TV PROX_MRT_TV
1         1.00048819          -3.2612693            -2.846248368 -1.61864578
2         1.47178634           3.8462625            -1.848971738 -8.92998600
3        -0.34404755           4.1319138            -2.648105057 -3.40075727
4         1.57665606           2.4756745            -5.691404992 -7.28705261
5         0.12990138          -0.4196596             0.640289855 -0.12249416
6        -0.13361179          -0.4237096            -0.005103357  1.00426206
7        -0.33542751          -0.8235874             3.760298131 -7.31116712
8         0.09462126          -0.2405003             0.520038994 -0.03439159
9        -0.93339393          -0.3739225            -2.359121712 -1.67102293
10        0.15961128           1.9461735            -0.627237944 -2.63204802
   PROX_PARK_TV PROX_PRIMARY_SCH_TV PROX_SHOPPING_MALL_TV PROX_BUS_STOP_TV
1   -0.83749312           1.5923022            2.75358842        2.0154464
2    2.28192684           6.7019454           -0.88662640        4.4941192
3    0.66565951           2.9058009           -1.05686949        3.0419145
4   -3.34061770          12.9836105           -0.16709578       12.8383775
5   -0.02820944           0.1220998           -0.02488294        0.9145046
6    0.86781794           0.4696245            0.08821750        0.7656963
7    2.38773567           5.1844351           -1.53719231        6.2029165
8    0.16674816           0.2042469           -0.11271635        0.9493299
9   -0.43301073          -0.1442145            0.95462153        3.3123012
10   0.95831249           0.3290120           -1.71252687        3.3632555
   NO_Of_UNITS_TV FAMILY_FRIENDLY_TV FREEHOLD_TV  Local_R2
1     0.480589953        -0.06902748    2.621347 0.8846744
2    -1.380026395         2.69655779    3.045280 0.8899773
3    -0.045279967         0.04058290    1.197050 0.8947007
4    -0.446007570        14.31276425    8.771149 0.9073605
5     0.141120178         0.36714544    1.557983 0.9510057
6    -0.355762335         0.60891234    1.260522 0.9247586
7    -0.001731033         2.78285441    2.243875 0.8310458
8     0.089093858         0.32346758    1.602012 0.9463936
9     1.534793921        -0.13828365    2.285410 0.8380365
10   -0.082251138        -0.53369623    1.033819 0.9080753
                    geometry
1  POINT (22085.12 29951.54)
2   POINT (25656.84 34546.2)
3   POINT (23963.99 32890.8)
4  POINT (27044.28 32319.77)
5  POINT (41042.56 33743.64)
6   POINT (39717.04 32943.1)
7   POINT (28419.1 33513.37)
8  POINT (40763.57 33879.61)
9  POINT (23595.63 28884.78)
10 POINT (24586.56 33194.31)
gwr.adaptive.output <- as.data.frame(gwr.adaptive$SDF)
condo_resale.sf.adaptive <- cbind(condo_resale.res.sf, as.matrix(gwr.adaptive.output))
glimpse(condo_resale.sf.adaptive)
Rows: 1,436
Columns: 77
$ POSTCODE                <dbl> 118635, 288420, 267833, 258380, 467169, 466472…
$ SELLING_PRICE           <dbl> 3000000, 3880000, 3325000, 4250000, 1400000, 1…
$ AREA_SQM                <dbl> 309, 290, 248, 127, 145, 139, 218, 141, 165, 1…
$ AGE                     <dbl> 30, 32, 33, 7, 28, 22, 24, 24, 27, 31, 17, 22,…
$ PROX_CBD                <dbl> 7.941259, 6.609797, 6.898000, 4.038861, 11.783…
$ PROX_CHILDCARE          <dbl> 0.16597932, 0.28027246, 0.42922669, 0.39473543…
$ PROX_ELDERLYCARE        <dbl> 2.5198118, 1.9333338, 0.5021395, 1.9910316, 1.…
$ PROX_URA_GROWTH_AREA    <dbl> 6.618741, 7.505109, 6.463887, 4.906512, 6.4106…
$ PROX_HAWKER_MARKET      <dbl> 1.76542207, 0.54507614, 0.37789301, 1.68259969…
$ PROX_KINDERGARTEN       <dbl> 0.05835552, 0.61592412, 0.14120309, 0.38200076…
$ PROX_MRT                <dbl> 0.5607188, 0.6584461, 0.3053433, 0.6910183, 0.…
$ PROX_PARK               <dbl> 1.1710446, 0.1992269, 0.2779886, 0.9832843, 0.…
$ PROX_PRIMARY_SCH        <dbl> 1.6340256, 0.9747834, 1.4715016, 1.4546324, 0.…
$ PROX_TOP_PRIMARY_SCH    <dbl> 3.3273195, 0.9747834, 1.4715016, 2.3006394, 0.…
$ PROX_SHOPPING_MALL      <dbl> 2.2102717, 2.9374279, 1.2256850, 0.3525671, 1.…
$ PROX_SUPERMARKET        <dbl> 0.9103958, 0.5900617, 0.4135583, 0.4162219, 0.…
$ PROX_BUS_STOP           <dbl> 0.10336166, 0.28673408, 0.28504777, 0.29872340…
$ NO_Of_UNITS             <dbl> 18, 20, 27, 30, 30, 31, 32, 32, 32, 32, 34, 34…
$ FAMILY_FRIENDLY         <dbl> 0, 0, 0, 0, 0, 1, 1, 0, 1, 1, 0, 0, 0, 0, 0, 0…
$ FREEHOLD                <dbl> 1, 1, 1, 1, 1, 1, 1, 1, 1, 0, 1, 1, 1, 1, 1, 1…
$ LEASEHOLD_99YR          <dbl> 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0…
$ LOG_SELLING_PRICE       <dbl> 14.91412, 15.17135, 15.01698, 15.26243, 14.151…
$ MLR_RES                 <dbl> -1489099.55, 415494.57, 194129.69, 1088992.71,…
$ Intercept               <dbl> 2050011.67, 1633128.24, 3433608.17, 234358.91,…
$ AREA_SQM.1              <dbl> 9561.892, 16576.853, 13091.861, 20730.601, 672…
$ AGE.1                   <dbl> -9514.634, -58185.479, -26707.386, -93308.988,…
$ PROX_CBD.1              <dbl> -120681.94, -149434.22, -259397.77, 2426853.66…
$ PROX_CHILDCARE.1        <dbl> 319266.925, 441102.177, -120116.816, 480825.28…
$ PROX_ELDERLYCARE.1      <dbl> -393417.795, 325188.741, 535855.806, 314783.72…
$ PROX_URA_GROWTH_AREA.1  <dbl> -159980.203, -142290.389, -253621.206, -267929…
$ PROX_MRT.1              <dbl> -299742.96, -2510522.23, -936853.28, -2039479.…
$ PROX_PARK.1             <dbl> -172104.47, 523379.72, 209099.85, -759153.26, …
$ PROX_PRIMARY_SCH.1      <dbl> 242668.03, 1106830.66, 571462.33, 3127477.21, …
$ PROX_SHOPPING_MALL.1    <dbl> 300881.390, -87693.378, -126732.712, -29593.34…
$ PROX_BUS_STOP.1         <dbl> 1210615.44, 1843587.22, 1411924.90, 7225577.51…
$ NO_Of_UNITS.1           <dbl> 104.8290640, -288.3441183, -9.5532945, -161.35…
$ FAMILY_FRIENDLY.1       <dbl> -9075.370, 310074.664, 5949.746, 1556178.531, …
$ FREEHOLD.1              <dbl> 303955.61, 396221.27, 168821.75, 1212515.58, 3…
$ y                       <dbl> 3000000, 3880000, 3325000, 4250000, 1400000, 1…
$ yhat                    <dbl> 2886531.8, 3466801.5, 3616527.2, 5435481.6, 13…
$ residual                <dbl> 113468.16, 413198.52, -291527.20, -1185481.63,…
$ CV_Score                <dbl> 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0…
$ Stud_residual           <dbl> 0.38207013, 1.01433140, -0.83780678, -2.846146…
$ Intercept_SE            <dbl> 516105.5, 488083.5, 963711.4, 444185.5, 211962…
$ AREA_SQM_SE             <dbl> 823.2860, 825.2380, 988.2240, 617.4007, 1376.2…
$ AGE_SE                  <dbl> 5889.782, 6226.916, 6510.236, 6010.511, 8180.3…
$ PROX_CBD_SE             <dbl> 37411.22, 23615.06, 56103.77, 469337.41, 41064…
$ PROX_CHILDCARE_SE       <dbl> 319111.1, 299705.3, 349128.5, 304965.2, 698720…
$ PROX_ELDERLYCARE_SE     <dbl> 120633.34, 84546.69, 129687.07, 127150.69, 327…
$ PROX_URA_GROWTH_AREA_SE <dbl> 56207.39, 76956.50, 95774.60, 470762.12, 47433…
$ PROX_MRT_SE             <dbl> 185181.3, 281133.9, 275483.7, 279877.1, 363830…
$ PROX_PARK_SE            <dbl> 205499.6, 229358.7, 314124.3, 227249.4, 364580…
$ PROX_PRIMARY_SCH_SE     <dbl> 152400.7, 165150.7, 196662.6, 240878.9, 249087…
$ PROX_SHOPPING_MALL_SE   <dbl> 109268.8, 98906.8, 119913.3, 177104.1, 301032.…
$ PROX_BUS_STOP_SE        <dbl> 600668.6, 410222.1, 464156.7, 562810.8, 740922…
$ NO_Of_UNITS_SE          <dbl> 218.1258, 208.9410, 210.9828, 361.7767, 299.50…
$ FAMILY_FRIENDLY_SE      <dbl> 131474.73, 114989.07, 146607.22, 108726.62, 16…
$ FREEHOLD_SE             <dbl> 115954.0, 130110.0, 141031.5, 138239.1, 210641…
$ Intercept_TV            <dbl> 3.9720784, 3.3460017, 3.5629010, 0.5276150, 1.…
$ AREA_SQM_TV             <dbl> 11.614302, 20.087361, 13.247868, 33.577223, 4.…
$ AGE_TV                  <dbl> -1.6154474, -9.3441881, -4.1023685, -15.524301…
$ PROX_CBD_TV             <dbl> -3.22582173, -6.32792021, -4.62353528, 5.17080…
$ PROX_CHILDCARE_TV       <dbl> 1.000488185, 1.471786337, -0.344047555, 1.5766…
$ PROX_ELDERLYCARE_TV     <dbl> -3.26126929, 3.84626245, 4.13191383, 2.4756745…
$ PROX_URA_GROWTH_AREA_TV <dbl> -2.846248368, -1.848971738, -2.648105057, -5.6…
$ PROX_MRT_TV             <dbl> -1.61864578, -8.92998600, -3.40075727, -7.2870…
$ PROX_PARK_TV            <dbl> -0.83749312, 2.28192684, 0.66565951, -3.340617…
$ PROX_PRIMARY_SCH_TV     <dbl> 1.59230221, 6.70194543, 2.90580089, 12.9836104…
$ PROX_SHOPPING_MALL_TV   <dbl> 2.753588422, -0.886626400, -1.056869486, -0.16…
$ PROX_BUS_STOP_TV        <dbl> 2.0154464, 4.4941192, 3.0419145, 12.8383775, 0…
$ NO_Of_UNITS_TV          <dbl> 0.480589953, -1.380026395, -0.045279967, -0.44…
$ FAMILY_FRIENDLY_TV      <dbl> -0.06902748, 2.69655779, 0.04058290, 14.312764…
$ FREEHOLD_TV             <dbl> 2.6213469, 3.0452799, 1.1970499, 8.7711485, 1.…
$ Local_R2                <dbl> 0.8846744, 0.8899773, 0.8947007, 0.9073605, 0.…
$ coords.x1               <dbl> 22085.12, 25656.84, 23963.99, 27044.28, 41042.…
$ coords.x2               <dbl> 29951.54, 34546.20, 32890.80, 32319.77, 33743.…
$ geometry                <POINT [m]> POINT (22085.12 29951.54), POINT (25656.…

Visualise local R2

tmap_mode("view")
tm_shape(mpsz_svy21)+
  tm_polygons(alpha = 0.1) +
tm_shape(condo_resale.sf.adaptive) +  
  tm_dots(col = "Local_R2",
          border.col = "gray60",
          border.lwd = 1) +
  tm_view(set.zoom.limits = c(11,14))

Visualising coeff estimates

AREA_SQM_SE <- tm_shape(mpsz_svy21)+
  tm_polygons(alpha = 0.1) +
tm_shape(condo_resale.sf.adaptive) +  
  tm_dots(col = "AREA_SQM_SE",
          border.col = "gray60",
          border.lwd = 1) +
  tm_view(set.zoom.limits = c(11,14))

AREA_SQM_TV <- tm_shape(mpsz_svy21)+
  tm_polygons(alpha = 0.1) +
tm_shape(condo_resale.sf.adaptive) +  
  tm_dots(col = "AREA_SQM_TV",
          border.col = "gray60",
          border.lwd = 1) +
  tm_view(set.zoom.limits = c(11,14))

tmap_arrange(AREA_SQM_SE, AREA_SQM_TV, 
             asp=1, ncol=2,
             sync = TRUE)

Visualise by URA Planning Region

tmap_mode("plot")
tm_shape(mpsz_svy21[mpsz_svy21$REGION_N=="CENTRAL REGION", ])+
  tm_polygons()+
tm_shape(condo_resale.sf.adaptive) + 
  tm_bubbles(col = "Local_R2",
           size = 0.15,
           border.col = "gray60",
           border.lwd = 1)